Holders over time
- MMS
- MA
| Quarter | MMS | MA |
|---|---|---|
| Q3 2020 | 5 holders, $301m | 45 holders, $56.1bn |
| Q4 2020 | 5 holders, $287m | 52 holders, $57.9bn |
| Q1 2021 | 3 holders, $342m | 50 holders, $56.4bn |
| Q2 2021 | 4 holders, $371m | 50 holders, $54.9bn |
| Q3 2021 | 3 holders, $369m | 50 holders, $48.9bn |
| Q4 2021 | 6 holders, $402m | 42 holders, $49.3bn |
| Q1 2022 | 5 holders, $345m | 38 holders, $50.1bn |
| Q2 2022 | 4 holders, $269m | 48 holders, $45.4bn |
| Q3 2022 | 7 holders, $276m | 53 holders, $40.8bn |
| Q4 2022 | 6 holders, $358m | 37 holders, $65.6bn |
| Q1 2023 | 5 holders, $854m | 45 holders, $50.3bn |
| Q2 2023 | 4 holders, $1.1bn | 47 holders, $51.2bn |
| Q3 2023 | 4 holders, $949m | 52 holders, $49.7bn |
| Q4 2023 | 6 holders, $1.1bn | 46 holders, $51.7bn |
| Q1 2024 | 4 holders, $961m | 48 holders, $58.0bn |
| Q2 2024 | 4 holders, $977m | 49 holders, $51.2bn |
| Q3 2024 | 6 holders, $1.1bn | 43 holders, $55.8bn |
| Q4 2024 | 7 holders, $788m | 43 holders, $58.3bn |
| Q1 2025 | 9 holders, $804m | 49 holders, $64.7bn |
| Q2 2025 | 8 holders, $786m | 50 holders, $68.3bn |
| Q3 2025 | 10 holders, $908m | 44 holders, $68.1bn |
| Q4 2025 | 7 holders, $870m | 43 holders, $65.6bn |
| Q1 2026 | 3 holders, $563m | 46 holders, $57.4bn |
| Q2 2026 | 5 holders, $44m | 43 holders, $58.1bn |
Maximus Inc
- Holders
- 10
- Reported value
- $908m
- Buyers
- 6
- Sellers
- 4
Breadth +2 among 95 comparable managers.
Mastercard Incorporated
- Holders
- 44
- Reported value
- $68.1bn
- Buyers
- 17
- Sellers
- 26
Breadth -9 among 95 comparable managers.
Who holds both, Q3 2025
Both (7)
Brevan Howard Capital Management LP, Fidelity (FMR LLC), Holocene Advisors LP, Janus Henderson Group Ltd, Voloridge Investment Management LLC, Winton Group Ltd, Woodline Partners LP
Only MA (37)
Acadian Asset Management LLC, Akre Capital Management LLC, AllianceBernstein LP, AQR Capital Management LLC, Arrowstreet Capital LP, Artisan Partners LP, Baillie Gifford & Co, Berkshire Hathaway Inc, Bridgewater Associates LP, Capital Research Global Investors, Capital World Investors, Caxton Associates LLP, D. E. Shaw & Co., Davidson Kempner Capital Management LP, Egerton Capital UK LLP, Element Capital Management LLC, Farallon Capital Management LLC, GAMCO Investors Inc, Harris Associates LP, Invesco Ltd, Man Group PLC, Markel Group Inc, Marshall Wace LLP, MFS Investment Management, Millennium Management LLC, and 12 more
How much of the picture this is
A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. Buyers and sellers count comparable managers (those that filed both quarters) by shares, so a rise in value with no rise in shares is the price. Large books are listed to their largest positions. These are 95 tracked managers, not the institutional market.